SMTC: Material agreement · New financial obligation

Item 1.01 Entry into a Material Definitive Agreement. On July 6, 2026 (the “Closing Date”), Semtech Corporation (the “Company”) entered into a Credit Agreement (the “Credit Agreement”), with certain of the Company’s domestic subsidiaries as subsidiary guarantors (the “Guarantors”), the lenders party thereto (“Lenders”), the letter of credit issuers party thereto, and Morgan Stanley Senior Funding, Inc., as administrative agent (in such capacity, the “Administrative Agent”) and swing line lender, consisting of a $360 million revolving credit facility (the “Revolving Loan Facility”), which was undrawn on the Closing Date, and an uncommitted incremental term loan facility (the “Incremental Loan Facility” and, together with the Revolving Loan Facility, the “Credit Facility”) at the election of the Company, The Incremental Loan Facility plus any additional increase to the Revolving Loan Facility is capped at a maximum principal amount equal to the greater of (x) $332 million and (y) 100% of Consolidated EBITDA (as defined in the Credit Agreement), plus an unlimited amount, so long as the pro forma Consolidated First Lien Net Leverage Ratio (as defined in the Credit Agreement) is less than 3.50:1.00. The proceeds of the Credit Facility will be used for the working capital needs and general corporate purposes of the Company and its subsidiaries, including, without limitation, refinancing of existing indebtedness and funding of transaction costs, permitted acquisitions and other permitted investments. Concurrently with the Company entering into the Credit Agreement, the Third Amended and Restated Credit Agreement, dated as of September 26, 2022 (as amended, restated or otherwise modified from time to time prior to the Closing Date), by and among the Company, the guarantors part